KANZHUN LIMITED Sponsored ADR (NASDAQ:BZ - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.10 and last traded at $24.13, with a volume of 2510196 shares traded. The stock had previously closed at $23.73.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Barclays increased their target price on KANZHUN from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. Jefferies Financial Group increased their target price on KANZHUN from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Daiwa America upgraded KANZHUN from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Zacks Research downgraded KANZHUN from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, UBS Group upgraded KANZHUN from a "neutral" rating to a "buy" rating and set a $26.00 price target on the stock in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.17.
Check Out Our Latest Stock Report on KANZHUN
KANZHUN Stock Performance
The stock has a fifty day moving average of $20.49 and a 200 day moving average of $18.32. The company has a market capitalization of $9.82 billion, a P/E ratio of 35.73 and a beta of 0.44.
KANZHUN Dividend Announcement
The business also recently announced a full year 25 dividend, which will be paid on Thursday, October 23rd. Investors of record on Wednesday, October 8th will be issued a $0.084 dividend. This represents a yield of 60.0%. The ex-dividend date of this dividend is Wednesday, October 8th. KANZHUN's dividend payout ratio (DPR) is currently 20.90%.
Hedge Funds Weigh In On KANZHUN
A number of institutional investors have recently bought and sold shares of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in KANZHUN by 1,474.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 9,552,922 shares of the company's stock valued at $183,130,000 after acquiring an additional 8,946,253 shares during the period. Norges Bank bought a new stake in KANZHUN during the second quarter valued at about $123,984,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in KANZHUN by 2,547.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,313,534 shares of the company's stock valued at $101,860,000 after acquiring an additional 5,112,824 shares during the period. Krane Funds Advisors LLC raised its holdings in KANZHUN by 24.2% during the first quarter. Krane Funds Advisors LLC now owns 20,338,378 shares of the company's stock valued at $389,887,000 after acquiring an additional 3,961,488 shares during the period. Finally, Baillie Gifford & Co. bought a new stake in KANZHUN during the first quarter valued at about $71,111,000. 60.67% of the stock is owned by institutional investors.
About KANZHUN
(
Get Free Report)
Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.
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